Egypt doubles natural gas stations target to 1000 by end of 2021
Egypt should have 1k natural gas filling stations set up nationwide by the end of the year under a government-backed program to expand natgas refueling infrastructure as Egypt moves forward with its plan to convert or replace gasoline-fueled cars, Oil Minister Tarek El Molla said, according to Al Mal. The government had previously targeted ending […]
TAQA expands to become MENA’s first integrated Energy & Water Utilities Provider
Via launching “TAQA Water”: TAQA Arabia Expands Business to become The First Integrated Energy & Water Utilities Provider in MENA. TAQA Arabia, a subsidiary of Qalaa Holdings and the full-service utilities & energy distribution private-sector leader in Egypt, has recently announced growing its business portfolio by launching a brand-new subsidiary “TAQA Water”. This latest corporate […]
TAQA Arabia to build 180 natgas filling stations with EGP 3.6 bn investment
TAQA Arabia will invest EGP 3.6 bn to build 180 natgas filling stations between now and 2023, Executive Chairman Khaled Abu Bakr told Kelma Akhira’s Lamees El Hadidi last night. Qalaa Holdings’ energy distributor was announced last week as a private sector partner that will help expand the country’s network of natgas stations as more […]
Adnoc, Taqa Arabia in the running for a stake in Wataniya Petroleum
Adnoc, Taqa Arabia in the running for Wataniya: A number of investors at home and abroad have expressed interest in acquiring a majority stake in the military-owned oil distribution company Wataniya Petroleum, Bloomberg reported on Thursday. Buyer #1: State-owned Abu Dhabi National Oil Company (Adnoc), which produces most of the UAE’s oil, is interested in […]
EBRD, TAQA Arabia promote private-to-private renewable energy in Egypt
EBRD loan to TAQA PV for Solar Energy, renewable energy arm of TAQA Arabia First tranche of loan to finance construction of 6 MWp solar photovoltaic power plant to supply dairy producer Dina Farms One of Egypt’s first private-to-private renewable energy projects The European Bank for Reconstruction and Development (EBRD) is promoting the expansion of […]
TAQA Arabia’s IPO in the EGX “not in the near future” – sources
Qalaa Holdings’ TAQA Arabia won’t be making its EGX debut in the near future due to the potential for market volatility caused by the pandemic, the local press reported yesterday, quoting sources close to the matter. Qalaa had reportedly planned to list 30-40% of its portfolio company in the first half of 2020. The company […]
TAQA Arabia to inaugurate new natural gas fueling stations this year
TAQA Arabia is planning to open several natural gas fueling stations before the end of the year at a combined cost of EGP 145 mn, TAQA CEO Pakinam Kafafi said, according to Al Mal. The new stations will bring the total number operated by the Qalaa Holdings subsidiary to 21, and come as part of […]
Electricity generation capacity glut forces companies to think smaller on solar
Qalaa Holding’s TAQA Arabia will be focusing on small-scale solar projects to the tune of 2-10 MW in Egypt for the next two years, as the government slows down reliance on renewables amid a production glut, the company’s project director Mohamed Osama said at a webinar hosted by EQ Magazine and the Middle East Solar […]
TAQA Arabia to increase investment in MENA renewable projects
Company to focus on small solar plants, rooftop projects in Egypt: Egypt’s TAQA Arabia is looking to increase investment in renewable projects in the Middle East and Africa, according to a senior company official. “We are studying several projects in the Middle East and Africa and expect procurement in the solar sector to be strong […]
EGAS, TAQA Arabia sign agreement to deliver natgas to El Wadi El Gedid
The Egyptan Natural Gas Holding Company (EGAS) signed yesterday a cooperation protocol with Qalaa Holdings’ TAQA Arabia to connect homes in El Wadi El Gedid to the natural gas grid by using compressed natural gas (CNG), according to an Oil Ministry statement. The agreement will see 14k homes in the governorate connected to the grid […]
